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Tata Steel BSL reports sales of 0.92 MT in Q3 FY19

Tata Steel BSL reports sales of 0.92 MT in Q3 FY19

Tata Steel BSL has reported production of 1.04 million tonnes (MT) in Q3 FY19 as against 0.96 MT in Q3 FY18. The sales were at 0.92 MT in Q3 FY19 as compared to 1.00 MT in Q3 FY18.

The company has reported production of 3.13 MT in April-December FY19 as against 2.80 MT in April-December FY18. The company has reported sales of 2.91 MT in April-December FY19 as compared to 2.88 MT in April-December FY18.

Tata Steel BSL formerly known as Bhushan Steel is the largest manufacturer of auto-grade steel in India. Tata Steel BSL with a large amount of debt in proportion to its equity, is a highly leveraged company.